Scottish Life Now

[DJHawkes]

After the House of Fraser pension pay out surprise the other month, my old pension with Scottish life from 2002 - 2004 wants to pay me back £1250.00. I only paid in about £144.00. excellent! Now I will have money to go and see Garth as well as buy the car!! yayyyy Apparently anyone over 55 with a dormant pension with less than £18.000 to pay out can get their money instead of waiting.

[tonyav]

Hey, great stuff that, dot. What are you going to do with the dosh already in the Garth fund ?.

[boxtops]

Interesting - but doesn't that mean you lose the pension income altogether after you retire?

[DJHawkes]

yes i lose it but they said it would be £46 a year! I'll take that now thank you, I'll not live 27 years to enjoy that £46 once a year

[Peter Pedant]

yes that is the case Dee Jay - so well done

Nice to hear that someone has done well out of pensions.


Do you remember pension holidays - and then ten years later the same firms who took the holidays said there was nt enough in the funds so you lot can all take a cut and we will keep ours (sort of)

[DJHawkes]

they said i could have £312.69 now and £34.53 a month in 8 years, £46.04 a year in 8 years and no lump sum, or the whole £1250.72 now, (less 20% f***** tax of course, )

[DJHawkes]

It was a no brainer really, the garth tickets and hotel and travel will be taken care of and if i live to 100 years old i'll always have that memory to keep me warm (though probably I won't know why lol )

[boxtops]

Well, for those figures, I'd definitely take the lump sum!

[DJHawkes]

after I pay for the car on 30th november I will have £600.00 left to buy a big tele. : 0 If I'm going to retire in 8 years on buttons I best get a decent tele now that will last me into my dotage. Who says I don't plan ahead? lol

[DJHawkes]

*that was £34.53 a year not a month! that's less than a loaf of bread a week innit? lol

[pixie373]

Yes. Good result. Enjoy!

[DJHawkes]

I've got another one somewhere too, but I'll have to really track it down as it was with the old Yorkshire Building Society and I don't think they exist now, at least not in wigan where they used to be.

[pussnboots]

Take the lump sum and enjoy Dot, no pockets in shrouds.